Latest occasions surrounding the crypto change Binance sparked important debate about the USA’ crackdown on crypto corporations. In accordance with Omid Malekan, adjunct professor at Columbia Enterprise Faculty and writer, the Division of Justice’s strategy within the case may be very completely different from what’s seen in conventional finance.
“Individuals who sincerely consider that crypto is a few distinctive enabler of unhealthy individuals doing unhealthy issues don’t perceive how the remainder of the monetary system really works,” Malekan wrote on X (previously Twitter), including that firms that observe Anti-Cash Laundering greatest practices nonetheless course of giant sums of illicit funds. “However that’s all thought of OK as a result of someone did the paperwork.”
ICIJ investigation into world cash laundering
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